Calculate the three variances and format the cells to insert a comma if there is more than three numbers and round to the nearest whole number.
Analyze the variances in the following scenario:_x000D_
You are the nursing administrator for a medical group that expects a severe outbreak of the flu this winter. You hire additional staff to treat the patients and administer shots. Your special project budget was for 1,000 hours of part-time nursesâ€™ services at $40 per hour, for a total cost of $40,000. It was expected that these nurses would administer 400 flu shots and treat 1,600 flu patients. The medical group typically charges $50 for a flu shot and $80 for treating a flu patient. Actually, the group had 1,200 patients who received the flu shot and 1,400 who had the flu and received treatment. On average, it was able to collect $55 per flu shot and $70 per flu patient._x000D_
Compute the volume, mix, and price revenue variances. How did things turn out for the group considering just revenues? How did they turn out from a profit perspective? Use either the approach from chapter 8 or from Appendix 8-A to solve. Clearly label the calculations of the required variances using Excel. Use formulas to calculate the three variances and format the cells to insert a comma if there is more than three numbers and round to the nearest whole number. Explain the meaning of the variances in a two page Word document._x000D_
SUBMIT TO YOUR INSTRUCTOR YOUR TWO-TO-THREE PAGE WORD DOCUMENT (NOT INCLUDING THE TITLE AND REFERENCE PAGES) AND YOUR EXCEL WORKSHEET. Your paper should be formatted according to APA style as outlined in the approved APA style guide, and you must cite at least two scholarly sources in addition to the textbook_x000D_
Do you want your law assignment written by the best essay experts? Click order now, and enjoy an amazing discount.